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The Jack and Mildred Buchanan Rodeo Scholarship Endowment was established by Jack and Mildred Buchanan in 2012. Scholarships are available to students participating on the Texas Tech University Rodeo Team.

The Prosperity Bank Rodeo Scholarship Endowment was established by Prosperity Bank, formally American State Bank, in 1997. The scholarship is awarded undergraduate and graduate students who are rodeo team members attending Texas Tech University.

The Jack and Twila Aufill Scholarship Endowment was established by Twila Aufill in 1999. The scholarship is awarded to undergraduate and graduate students who are rodeo team members who are attending Texas Tech University.

The Alvin G. and Barbara A. Davis Rodeo Scholarship was established by Donnell Echols and Alvin Davis in 1991. The scholarship is awarded to undergraduate and graduate Texas Tech University students who have an interest in and participate in the Texas Tech University Rodeo Association activities.